# NV Industriebank LIOF: portfolio, investments and team

> NV Industriebank LIOF is a government based in Netherlands. 8 investments on record, 2 in the last 12 months, latest Apr 2026.

Source: https://millionrounds.com/fund/liof (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Investor](https://millionrounds.com/investors)

# NV Industriebank LIOF

Last cheque observed Apr 2026; 8 cheques on record.

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Deploying now Government

Seed Series A Growth Innovative Chemistry Agrotech Smart Industry

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 8 on record

Since the last cheque **204** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **1 of 8** Mostly in **Netherlands, 88%**

Pitch NV Industriebank LIOF

## NV Industriebank LIOF highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 60% of its rounds
- 03 Led 1 rounds

## What they do

> LIOF is de regionale ontwikkelingsmaatschappij van de Provincie Limburg. From their own website

- **Type:** Government
- **Cheque size:** Not stated
- **Stages:** Seed Series A Growth
- **Sectors:** Innovative Chemistry Agrotech Smart Industry
- **Based in:** Maastricht, Netherlands
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 1 round
- **Apr** **[MAECONOMY](https://millionrounds.com/company/maeconomy)** Seed · NL · LUMO Labs **$1.8M** *Led*
- **2025** 1 round
- **Nov** **[Qorium](https://millionrounds.com/company/qorium)** Series A · NL · Silicon Canals **$25M** With 3 others
- **2017** 1 round
- **Jan** **[Cristal Therapeutics](https://millionrounds.com/company/cristal-therapeutics)** NL · FinSMEs **$14M** With 8 others
- **2013** 1 round
- **Mar** **[Ekompany](https://millionrounds.com/company/ekompany)** NL **$15M** With 3 others
- **2011** 1 round
- **Feb** **[MagnaMedics](https://millionrounds.com/company/magnamedics)** Series B · NL **Undisclosed** With 2 others
- **2010** 1 round
- **Jan** **[FABPulous](https://millionrounds.com/company/fabpulous)** Series A · NL · finsmes.com **Undisclosed** With 4 others
- **2009** 1 round
- **Jun** **[TiGenix](https://millionrounds.com/company/tigenix)** BE **$7.5M** With 1 other
- **2004** 1 round
- **Jun** **[Fortimedix](https://millionrounds.com/company/fortimedix)** Venture · NL **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [SHIFT Invest 1 fund](https://millionrounds.com/fund/shift-invest)

Most recent commitments

- [SHIFT Invest SHIFT Invest IV](https://millionrounds.com/fund/shift-invest)

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Werken bij

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Growth

Median round joined **$14M** the round, not its cheque

Led 1 of 8 rounds **13%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2026

Rounds by stage said on their site

- Series A said *2*
- Seed said *1*
- Series B *1*
- Venture *1*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Limburg Ventures](https://millionrounds.com/fund/limburg-ventures) 5

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## Who they invest alongside

The investors most often in the same rounds as NV Industriebank LIOF. A count of rooms they were both in, not a relationship either has claimed.

[**Limburg Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/limburg-ventures)

## Recently backed

The latest companies NV Industriebank LIOF put money into.

[**MAECONOMY** $1.8M · Apr 2026](https://millionrounds.com/company/maeconomy)[**Qorium** $25M · Nov 2025](https://millionrounds.com/company/qorium)[**Cristal Therapeutics** $14M · Jan 2017](https://millionrounds.com/company/cristal-therapeutics)

## Quick answers about NV Industriebank LIOF

### What does NV Industriebank LIOF invest in?

NV Industriebank LIOF invests most often at Series A and Seed (60% of the rounds on record), in sectors such as Innovative Chemistry, Agrotech and Smart Industry.

### How active is NV Industriebank LIOF?

8 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Apr 2026.

### What has NV Industriebank LIOF invested in recently?

Its most recent investments on record: MAECONOMY (Seed, Apr 2026), Qorium (Series A, Nov 2025) and Cristal Therapeutics (Undisclosed round, Jan 2017).

### How big are NV Industriebank LIOF's cheques?

The median round it joins is $14M.

### Does NV Industriebank LIOF lead rounds?

Sometimes: it led 1 of its 8 investments on record (13%).

### Where does NV Industriebank LIOF invest?

Most of the companies it backs are in the Netherlands (88%) and Belgium (13%).

### Is NV Industriebank LIOF investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does NV Industriebank LIOF invest alongside?

Most often Limburg Ventures (5 rounds together).

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